Hello traders so after doing a brief analysis of dj30 i found that we might be seeing a bullish move soon here is why :
last week : i predicted that the price will go down to the 34200 support level and that is what happened as predicted a bearish move where the price reached the 34200 support.
but the 34200 support level is actually a neckline of a inverted h&s on the daily and weekly tfs that the price has been forming for a while.
the price not only broke this neckline but also camedown to retest it giving us a clear bullish signal.
also the daily candle of friday closed as a hammer on top of the support level indicating futher chances that a bullish move is incomming .
thank you for reading this is nothing but my humble opinion and not financial advice , trade safe.
last week : i predicted that the price will go down to the 34200 support level and that is what happened as predicted a bearish move where the price reached the 34200 support.
but the 34200 support level is actually a neckline of a inverted h&s on the daily and weekly tfs that the price has been forming for a while.
the price not only broke this neckline but also camedown to retest it giving us a clear bullish signal.
also the daily candle of friday closed as a hammer on top of the support level indicating futher chances that a bullish move is incomming .
thank you for reading this is nothing but my humble opinion and not financial advice , trade safe.